Ladenburg Thalmann Maintains Middlesex Water Neutral, $20 PT

Ladenburg Thalmann maintained its Middlesex Water MSEX Neutral rating and $20 price target in a research report published today. In the report, Ladenburg Thalmann states, "We believe MSEX shares offer a defensive haven likely to provide relative resiliency should recent market tumult prove to be more than transitory." Shares of Middlesex Water were trading at $18.04 at the time of posting, down 2.38% from Friday's market close.